Argument Presented to Interstate & Foreign Commerce Committee of United States House of Representatives, March 14, 1935: In Opposition to Wheeler-Rayburn Holding and Operating Company Bill

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affiliated companies Akron Alabama Power Company bankers BARTHOLD Bell Telephone Company Bill Birmingham book value breach of trust capital cash cerned charge Chattanooga commerce Commis common stock Commonwealth & South Commonwealth & Southern compa comply construction consumer Consumers Power Company contracts Coosa River cost court debenture depreciate directors distributing company dividends by public dollars economic effect Electric Bond Electric Power Company electric utilities engineer eral erating companies ern Corporation facts Federal Federal Trade Commission file an agreement financing Franklin D Gadsden Georgia Grand Rapids Guild guilty of Federal holding and affiliated holding com holding company unites hydro electric energy Illinois Illinois Bell Indiana inefficient service Innuendoes interest rate interstate commerce interstate connections invested investigation investors Judge Healy Kalamazoo kilowatt hours legislation local power plants MARCH 14 Michigan Mississippi money market monwealth & Southern Muskegon newspapers number of kilowatt Ohio Ohio Edison operating com OPERATING COMPANY BILL operating utility ownership panies Pennsylvania physical interstate connections Power Commission preferred stock PRESENTED TO INTERSTATE President President The Commonwealth provisions Public Service Commission public utility companies public utility holding public utility operating quired rates refunding refunding and construction regulation regulatory sale of securities Securities and Exchange security holders sion South Carolina Southern Cor Southern Corporation Southern system Splawn stockholders street light sumers Tennessee Electric Power Tennessee River Tennessee Valley THOMAS W tion total number transmission transmission lines tric United utility business utility holding com utility holding companies utility industry utility operating companies utility security Wall Street Warm Springs water power wealth & Southern WENDELL L WILLIAM H WILLKIE York York City

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